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The number of new businesses launched in Yorkshire and the Humber fell in August, but insolvency-related activity also declined, according to research by restructuring, turnaround and insolvency trade body R3, InsiderMedia.com reported. The latest figures, based on data from Creditsafe, show that business start-ups across Yorkshire and the Humber dropped by 11.3 per cent in August compared to July, falling from 4,728 to 4,192. The region mirrored a national picture of declining start-up activity.

Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company Petroleos Mexicanos to cover debt expenses in 2026, the latest in a string of financial lifelines for the debt-ridden driller, Bloomberg News reported. The company’s proposed budget for next year totals 517.4 billion pesos ($27.7 billion), 7.7% higher than 2025, according to the document. Mexico expects the company’s oil output to reach 1.8 million barrels per day next year, with an average oil cost of $54.9 per barrel. Oil exports are forecast at 521,000 barrels per day, the budget showed.

U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan's tariff negotiator Ryosei Akazawa said on Tuesday, Reuters reported. Citing a U.S. Federal Register document dated September 9 that formalised President Donald Trump's executive order on the U.S.-Japan trade deal, Akazawa said in a press conference the revised tariff rates on Japanese goods will take effect within seven days from its publication.

When President Trump unveiled his trade deal with the European Union in July, businesses across the bloc thought it would end months of uncertainty for one of the world’s most lucrative trade relationships, the Wall Street Journal reported. Less than two months on, frustration with the deal is growing in Europe. Businesses are halting exports to the U.S., complaining about new bureaucratic hurdles and warning about a new era of unpredictability.

The European Central Bank is easing some of the checks it makes on euro zone banks, from how lenders get approval for share buybacks to how stress tests are carried out, ECB supervisor Sharon Donnery said on Monday, Reuters reported. The ECB is coming under pressure from lenders it oversees to ease the supervisory burden as the Trump administration promises easier rules in the United States and shadow banks gain ground in the credit business.

Irish government spending is accelerating at an unsustainable rate, and overruns in day-to-day spending are likely to top €2.5 billion by year end, the budgetary watchdog has warned, the Irish Times reported. In a prebudget statement the Irish Fiscal Advisory Council (Ifac) said spending overruns were more broad-based this year than in the previous years, with expenditure across education, children and justice already up by 7.5 per cent against a targeted increase of 2.5 per cent.

Vietnam's exports to the United States fell 2% in August from July to $13.94 billion, Vietnamese customs data showed on Tuesday, as a tariff of 20% on shipments to the United States took effect, Reuters reported. Imports from China also fell 2% in August from July, the Customs Department said. The Trump administration has repeatedly accused Vietnam of being used as a transshipment hub for Chinese goods directed to the United States.

A measure of Australian business conditions picked up in August as firms reported better profits and employment, while input costs grew at the slowest pace since 2021 in a promising sign for inflation and margins, Reuters reported. The survey from National Australia Bank showed its index of business conditions rose two points to +7 in August, taking it back to the long run average. A more volatile index of business confidence eased 4 points to +4, but again was around the long run trend.

South Korea's negotiations to finalise a U.S. trade deal are being held up due to foreign exchange issues and Seoul has asked Washington to help find a way to cap any market impact from a $350 billion investment package, a senior presidential official said on Tuesday, Reuters reported. The delay in striking a final deal comes after U.S. President Donald Trump last week signed an executive order to implement Japan's trade deal, which includes a $550 billion investment package.

China has racked up a $60 billion trade surplus with Africa so far in 2025, nearly surpassing last year’s total, as Chinese companies redirect trade to the region while President Trump’s tariffs crimp the flow of goods into the United States, the New York Times reported. Through August, China exported $141 billion worth of goods and services to Africa, while importing $81 billion, according to data released by the Chinese government on Monday.